BILL NUMBER: SJR 10	ENROLLED
	BILL TEXT

	ADOPTED IN SENATE  SEPTEMBER 11, 2015
	ADOPTED IN ASSEMBLY  SEPTEMBER 10, 2015
	AMENDED IN ASSEMBLY  SEPTEMBER 10, 2015
	AMENDED IN ASSEMBLY  SEPTEMBER 4, 2015
	AMENDED IN SENATE  JUNE 19, 2015

INTRODUCED BY   Senator Stone
   (Coauthors: Senators Bates, Beall, Gaines, Huff, and Leno)
   (Coauthors: Assembly Members Baker, Gallagher, Linder, Mullin,
Rodriguez, Achadjian, Alejo, Atkins, Bigelow, Bloom, Bonilla, Bonta,
Brown, Calderon, Campos, Chiu, Chu, Cooper, Dababneh, Daly, Dodd,
Eggman, Eduardo Garcia, Gatto, Grove, Harper, Irwin, Jones, Kim,
Lackey, Levine, Lopez, Maienschein, Mathis, McCarty, Medina, Olsen,
Patterson, Perea, Quirk, Ridley-Thomas, Salas, Steinorth, Thurmond,
Wagner, Weber, Wilk, Williams, and Wood)

                        MAY 22, 2015

   Relative to Federal Investment Tax Credit.


	LEGISLATIVE COUNSEL'S DIGEST


   SJR 10, Stone. Federal Investment Tax Credit: solar energy.
   This measure would respectfully request that the Congress of the
United States take immediate action to extend the federal investment
tax credit in Sections 48 and 25D of Title 26 of the United States
Code.



   WHEREAS, The United States has an abundance of solar energy
resources that are sufficient to supply a significant portion of the
energy needs of the United States; and
   WHEREAS, Farmers can become more economically resilient to the
unique and difficult challenges facing farming communities through
solar power; and
   WHEREAS, Schools and educational institutions, as well as other
governmental entities and nonprofit entities, can save considerable
amounts of limited public moneys by investing in solar power; and
   WHEREAS, Homeowners, renters, and businesses statewide can control
for rising energy costs through the investment in solar power; and
   WHEREAS, Rural communities can benefit from the construction of
utility scale solar energy projects; and
   WHEREAS, All of these markets rely on the federal investment tax
credit to make solar energy affordable for all who want it; and
   WHEREAS, The solar energy industry employs 54,000 Californians and
is one of the nation's fastest growing job creators, employing
173,807 people nationwide and growing at a rate nearly 20 times
faster than the overall economy, according to The Solar Foundation;
and
   WHEREAS, The loss of the investment tax credit would lead to
significant job losses in California and beyond in 2017; and
   WHEREAS, Accelerated development and use of solar energy
technologies would provide numerous benefits to all citizens of
California and the United States, including improved national
security, healthier rural economies, improved air and environmental
quality, and abundant, reliable, and affordable energy; and
   WHEREAS, The solar industry adds more than $15 billion to the
United States economy and increased energy production from domestic
solar energy resources would attract substantial new investments in
energy infrastructure and create local economic growth; and
   WHEREAS, Increased use of solar energy is practical and can be
cost effective with the help of consistent, long-term supportive
policies and proper incentives to stimulate markets and
infrastructure, such as the Investment Tax Credit; and
   WHEREAS, Long-term supportive policies and proper incentives at
the local, state, and federal levels have brought about significant
cost reductions within the solar industry in California and across
the country; and
   WHEREAS, Public policies aimed at enhancing solar energy
production and accelerating technological improvements will further
reduce energy costs over time and increase market demand; and
   WHEREAS, The federal investment tax credit for solar power,
contained in Sections 48 and 25D of Title 26 of the United States
Code, is set to decrease from 30 percent to 10 percent for commercial
consumers and from 30 percent to 0 percent for residential consumers
after December 31, 2016; now, therefore, be it
   Resolved by the Senate and the Assembly of the State of
California, jointly, That the Legislature respectfully requests that
the Congress of the United States take immediate action to extend the
federal investment tax credit in Sections 48 and 25D of Title 26 of
the United States Code; and be it further
   Resolved, That the Secretary of the Senate transmit copies of this
resolution to the President and Vice President of the United States,
to the Speaker of the House of Representatives, to the Majority
Leader of the Senate, and to each Senator and Representative from
California in the Congress of the United States.